National Monetisation Pipeline (NMP) LAUNCH Today: Check what to EXPECT from FM Nirmala Sitharaman
Union Finance Minister will launch the National Monetisation Pipeline (NMP) today at National Media Centre, New Delhi.
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman will launch the National Monetisation Pipeline (NMP) today at 5-6 PM at National Media Centre, New Delhi. The NMP comprises the central government's brownfield infrastructure assets.
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Yesterday, DD News tweeted about the launch of the NMP from its official Twitter handle. The tweet said, "Finance Minister@nsitharaman to launch the National Monetisation Pipeline tomorrow. The National Monetisation Pipeline comprises a four-year pipeline of the Central Government's brownfield infrastructure assets."
Finance Minister @nsitharaman to launch the National Monetisation Pipeline tomorrow. The National Monetisation Pipeline comprises a four-year pipeline of the Central Government's brownfield infrastructure assets
— DD News (@DDNewslive) August 22, 2021
The four-year pipeline of the central government's brownfield infrastructure assets, NMP, will serve as a medium-term roadmap for the Asset Monetisation initiative of the government, apart from providing visibility for the investors.
Incidentally, the 2021-22 Union Budget, laid a lot of emphasis on Asset Monetisation as a means to raise innovative and alternative financing for infrastructure. It also included a number of key announcements.
In her Budget speech, Sitharaman had said that monetising operating public infrastructure assets was a very important financing option for new infrastructure construction, reported PTI.
"A National Monetisation Pipeline of potential brownfield infrastructure assets will be launched. An asset monetisation dashboard will also be created for tracking the progress and to provide visibility to investors," she had said.
It has to be noted that the government views asset monetisation as a strategy for the augmentation and maintenance of infrastructure, and not just a funding mechanism.
According to a PTI report, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey had earlier this month said that the government is finalising Rs 6 lakh crore worth infrastructure assets, including national highways and power grid pipelines, which would be monetised.
The PTI reported that Pandey had said, "A national monetisation plan of about Rs 6 trillion is in the offing which will have a range of assets from pipelines to power grid pipelines to national highways, ToT (toll-operate-transfer) and so on."
The NMP book will be released in the presence of Niti Aayog Vice Chairman Rajiv Kumar, Niti Aayog CEO Amitabh Kant and Secretaries of relevant ministries whose assets constitute the monetisation pipeline.
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